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Fortuna Mining sells its San Jose Mine in Mexico for $6 million, retaining a 1% royalty on future production.
Fortuna Mining Corp. has agreed to sell its San Jose Mine in Mexico to a private Mexican company, Minas del Balsas S.A. de C.V., for $6 million.
The sale, expected to close in the first quarter of 2025, will allow Fortuna to focus on higher-value assets.
Fortuna will retain a 1% net smelter royalty on future production from the mine.
The San Jose Mine was set to undergo a closure process this year.
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Fortuna Mining vende su mina de San José en México por $6 millones, conservando una regalía del 1% sobre la producción futura.